Common use of Acquisition Consideration Clause in Contracts

Acquisition Consideration. (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by the Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount equal to $350,000; $75,000 of which shall be non-refundable and paid by the Operating Partnership to the Grantor upon the execution and delivery of this Agreement and $275,000 of which shall be paid on the Closing Date. The Acquisition Consideration shall be paid in cash.

Appears in 1 contract

Samples: Option Agreement (Tower Realty Trust Inc)

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Acquisition Consideration. (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by the Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount of cash equal to $350,000; $75,000 of which shall be non-refundable and paid by the Operating Partnership to the Grantor upon the execution and delivery of this Agreement and $275,000 of which shall be paid on the Closing Date. The Acquisition Consideration shall be paid in cash177,000.

Appears in 1 contract

Samples: Option Agreement (Tower Realty Trust Inc)

Acquisition Consideration. (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by the Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount of cash equal to $350,000; $75,000 of which shall be non-refundable and paid by the Operating Partnership 185,185 subject to the Grantor upon the execution and delivery of this Agreement and $275,000 of which shall be paid on the Closing Date. The Acquisition Consideration shall be paid in cashSection 6.9(g).

Appears in 1 contract

Samples: Option Agreement (Tower Realty Trust Inc)

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Acquisition Consideration. (a) The consideration (the "ACQUISITION CONSIDERATION") to be received by the Grantor in respect of the contribution of the Grantor's Interests to the Operating Partnership shall be an amount of cash equal to $350,000; $75,000 of which shall be non-refundable and paid by the Operating Partnership to the Grantor upon the execution and delivery of this Agreement and $275,000 of which shall be paid on the Closing Date. The Acquisition Consideration shall be paid in cash352,500.

Appears in 1 contract

Samples: Option Agreement (Tower Realty Trust Inc)

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